Abdiel Capital Management, LLC - 06 May 2021 Form 4 Insider Report for Fastly, Inc. (FSLY)

Role: 10%+ Owner
Signature: /s/ Colin T. Moran as managing member of Abdiel Capital Management, LLC
Issuer symbol: FSLY
Transactions as of: 06 May 2021
Net transactions value: +$22,143,535
Form type: 4
Filing time: 10 May 2021, 17:00:56 UTC
Next filing: 24 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FSLY	Class A Common Stock	Purchase	$1,673,763	+39,899	+0.35%	$41.95	11,389,768	06 May 2021	By Abdiel Qualified Master Fund, LP	F1, F2
transaction	FSLY	Class A Common Stock	Purchase	$57,220	+1,364	+0.01%	$41.95	11,391,132	06 May 2021	By Abdiel Capital, LP	F1, F2
transaction	FSLY	Class A Common Stock	Purchase	$13,998,834	+329,850	+2.9%	$42.44	11,720,982	06 May 2021	By Abdiel Qualified Master Fund, LP	F1, F3
transaction	FSLY	Class A Common Stock	Purchase	$478,384	+11,272	+0.1%	$42.44	11,732,254	06 May 2021	By Abdiel Capital, LP	F1, F3
transaction	FSLY	Class A Common Stock	Purchase	$5,739,180	+133,067	+1.1%	$43.13	11,865,321	06 May 2021	By Abdiel Qualified Master Fund, LP	F1, F4
transaction	FSLY	Class A Common Stock	Purchase	$196,155	+4,548	+0.04%	$43.13	11,869,869	06 May 2021	By Abdiel Capital, LP	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The share numbers in Column 5 represent the aggregated holdings of Abdiel Qualified Master Fund, LP ("AQMF") and Abdiel Capital, LP ("ACLP"). Abdiel Capital Management, LLC is the general partner of AQMF and ACLP, and Abdiel Capital Advisors, LP serves as the investment manager of AQMF and ACLP. Colin T. Moran is the managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which is the general partner of Abdiel Capital Advisors, LP. By virtue of the foregoing relationships, each of the Reporting Persons may be deemed to beneficially own the securities held by AQMF and ACLP. Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $41.86 to $41.99. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $42.00 to $42.99. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $43.00 to $43.56. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.